Why Financing is Better Than Paying Cash for IT Equipment

If you’re a business owner looking to acquire equipment and working capital, you’ve stumbled upon the right article! Most individuals and companies are stuck into choosing between financing and paying cash. Both have their own benefits and drawbacks but here is why equipment and services financing give more advantage to you!

Avoid Taking Unwanted Risks

Paying cash and owning something is equivalent to taking a big and pretty much unnecessary risk. Picture this in your head. You’ve decided to invest in IT equipment by paying cash with a confident amount of 60,000 dollars. A month later, you figured out that there’s a much cheaper option with 50,000 dollars plus higher quality equipment and you’re now filled with regret. This is a very dark situation for investors as losing money. It is the last thing we want to happen. This whole scenario can be avoided by financing your equipment and services. If the product happens to not fulfill your desired purpose, you can always stop using it and not lose a lot of money up front. A lot of lenders will allow you to amend your financing agreement within a certain time frame if the equipment is the wrong fit for your business.

Easier Budget Management

Financial management will definitely be easier for you as the equipment will be paid monthly with a smaller cost. Paying cash will use up a lot of your budget and won’t leave room for potential emergency spending and other priorities. Services financing, on the other hand, helps you invest in what you want without causing your bank account to dry up. Avoid the need to scramble for cash after you have used your precious capital to pay for equipment outright. Most businesses should always preserve their cash for intangibles, and finance the hard assets and even some services.

No Burden of Maintenance and Upgrades

If you pay cash and have full ownership of an equipment, you have to deal with maintaining them. Almost everything in the world needs maintenance from functionality to cleanliness and if somehow your equipment starts to dysfunction, you have to fix them yourselves. In the future, the chances of your equipment growing out-to-date are very highly likely and you don’t want to be forced into spending more for the latest and updated ones. Financing an equipment relieves you from all that unwanted hassle and leaves the third party to settle the upgrades.

Value and Quality of Equipment

Equipment diminishes in value over a period of time. For example, you will be paying a full 50, 000 dollars for an equipment but the value of it will drop after some duration. After a couple of years, the 50,000-dollar equipment will lose its original quality and will be valued a lot lesser such as 20,000 dollars. Paying monthly will avoid this situation and you can always maintain a high-quality equipment without having to lose money. A lot of people have recommended financing equipment and services from their experience. You can start up any desired business with the equipment you need while still having your budget assured. Having a third party dealing with the maintaining and upgrades leave you to focus on your priorities and important business matters. Paying cash might be a suitable solution for rare occasions so do analyze the advantages and disadvantages before deciding on an option. But, if you want to have a smooth and non-risky business, financing is the way to go!

For more information on IT equipment financing, please fill out the form below and we will be in touch. Or call us at 619-333-1300.

Privacy Policy

This page informs you of our policies regarding the collection, use and disclosure of personal data when you use our Service and the choices you have associated with that data.

We use your data to provide and improve the Service. By using the Service, you agree to the collection and use of information in accordance with this policy. Unless otherwise defined in this Privacy Policy, the terms used in this Privacy Policy have the same meanings as in our Terms and Conditions, accessible from https://zenafinancial.com/

Definitions

Service

Service is the https://zenafinancial.com/ website operated by Zena Financial Services LLC

Personal Data

Personal Data means data about a living individual who can be identified from those data (or from those and other information either in our possession or likely to come into our possession).

Usage Data

Usage Data is data collected automatically either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).

Cookies

Cookies are small files stored on your device (computer or mobile device).

Information Collection and Use

We collect several different types of information for various purposes to provide and improve our Service to you.

Types of Data Collected

Personal Data

While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“Personal Data”). Personally identifiable information may include, but is not limited to:

Email address

First name and last name

Phone number

Cookies and Usage Data

We may use your Personal Data to contact you with newsletters, marketing or promotional materials and other information that may be of interest to you. You may opt out of receiving any, or all, of these communications from us by contacting us.

Usage Data

We may also collect information on how the Service is accessed and used (“Usage Data”). This Usage Data may include information such as your computer’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers and other diagnostic data.

Tracking & Cookies Data

We use cookies and similar tracking technologies to track the activity on our Service and we hold certain information.

Cookies are files with a small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Other tracking technologies are also used such as beacons, tags and scripts to collect and track information and to improve and analyse our Service.

You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Service.

Examples of Cookies we use:

Session Cookies. We use Session Cookies to operate our Service.

Preference Cookies. We use Preference Cookies to remember your preferences and various settings.

Use of Data

To allow you to participate in interactive features of our Service when you choose to do so

To provide customer support

To gather analysis or valuable information so that we can improve our Service

To monitor the usage of our Service

To detect, prevent and address technical issues

To provide you with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless you have opted not to receive such information

Transfer of Data

Your information, including Personal Data, may be transferred to — and maintained on — computers located outside of your state, province, country or other governmental jurisdiction where the data protection laws may differ from those of your jurisdiction.

If you are located outside United States and choose to provide information to us, please note that we transfer the data, including Personal Data, to United States and process it there.

Your consent to this Privacy Policy followed by your submission of such information represents your agreement to that transfer.

Zena Financial Services LLC will take all the steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy and no transfer of your Personal Data will take place to an organisation or a country unless there are adequate controls in place including the security of your data and other personal information.

Disclosure of Data

Disclosure for Law Enforcement

Under certain circumstances, Zena Financial Services LLC may be required to disclose your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).

Legal Requirements

Zena Financial Services LLC may disclose your Personal Data in the good faith belief that such action is necessary to:

To comply with a legal obligation

To protect and defend the rights or property of Zena Financial Services LLC

To prevent or investigate possible wrongdoing in connection with the Service

To protect the personal safety of users of the Service or the public

To protect against legal liability

Security of Data

The security of your data is important to us but remember that no method of transmission over the Internet or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.

We do not support Do Not Track (“DNT”). Do Not Track is a preference you can set in your web browser to inform websites that you do not want to be tracked.

You can enable or disable Do Not Track by visiting the Preferences or Settings page of your web browser.

Service Providers

We may employ third party companies and individuals to facilitate our Service (“Service Providers”), provide the Service on our behalf, perform Service-related services or assist us in analysing how our Service is used.

These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.

Analytics

We may use third-party Service Providers to monitor and analyse the use of our Service.

Google Analytics

Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualise and personalise the ads of its own advertising network.

You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.

Links to Other Sites

Our Service may contain links to other sites that are not operated by us. If you click a third party link, you will be directed to that third party’s site. We strongly advise you to review the Privacy Policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.

Children’s Privacy

Our Service does not address anyone under the age of 18 (“Children”).

We do not knowingly collect personally identifiable information from anyone under the age of 18. If you are a parent or guardian and you are aware that your Child has provided us with Personal Data, please contact us. If we become aware that we have collected Personal Data from children without verification of parental consent, we take steps to remove that information from our servers.

Changes to This Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page.

We will let you know via email and/or a prominent notice on our Service, prior to the change becoming effective and update the “effective date” at the top of this Privacy Policy.

You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.

Contact Us

If you have any questions about this Privacy Policy, please contact us:

By email: support@zenafinancial.com

By visiting this page on our website: https://zenafinancial.com/contact-us/